New JATO Dynamics India ‘Retail Monitor’ data reveals a concerning trend in India's automotive sector. While September factory dispatches saw a modest 1.1% decline, car registrations experienced a more substantial drop of 16.7% compared to last year. Key points from the latest data: • September 2024 registrations: 286.0 thousand units • September 2023 registrations: 343.5 thousand units • Year-over-year decline: 16.7% This follows the 6.0% drop in August registrations we reported last month. The widening gap between dispatches and retail sales suggests potential inventory buildup and softening consumer demand. What factors do you think are driving this trend? Are we seeing a shift in consumer behavior or broader economic influences at play? #AutoIndustry #IndianMarket #EconomicTrends
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President and Director,JATO Dynamics India. Information Technology services and Consulting.Automotive
New JATO Dynamics India ‘Retail Monitor’ data reveals a concerning trend in India's automotive sector. While September factory dispatches saw a modest 1.1% decline, car registrations experienced a more substantial drop of 16.7% compared to last year. Key points from the latest data: • September 2024 registrations: 286.0 thousand units • September 2023 registrations: 343.5 thousand units • Year-over-year decline: 16.7% This follows the 6.0% drop in August registrations we reported last month. The widening gap between dispatches and retail sales suggests potential inventory buildup and softening consumer demand. What factors do you think are driving this trend? Are we seeing a shift in consumer behavior or broader economic influences at play? #AutoIndustry #IndianMarket #EconomicTrends
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New JATO Dynamics India ‘Retail Monitor’ data reveals a concerning trend in India's automotive sector. While September factory dispatches saw a modest 1.1% decline, car registrations experienced a more substantial drop of 16.7% compared to last year. Key points from the latest data: • September 2024 registrations: 286.0 thousand units • September 2023 registrations: 343.5 thousand units • Year-over-year decline: 16.7% This follows the 6.0% drop in August registrations we reported last month. The widening gap between dispatches and retail sales suggests potential inventory buildup and softening consumer demand. What factors do you think are driving this trend? Are we seeing a shift in consumer behavior or broader economic influences at play? #Connection #Insights #Visualization #AutoMarket #Automobile #Data
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🚗 The automotive sector in India has seen a robust growth in retail sales, with a notable 14% increase year-on-year in July. This surge, driven by a thriving rural economy, enhanced product availability, and attractive launches, underscores the industry's resilience. However, this growth has been accompanied by an unprecedented pileup in passenger vehicle (PV) inventory levels, now equating to ₹73,000 crore worth of stock. Dealers have reported challenges with high inventory levels, highlighting a need for strategic measures to manage this effectively. It's a double-edged sword: while sales are booming, inventory management remains a critical concern. #AutoIndustry #RetailSales #InventoryManagement #Automotive #IndiaAutoMarket #PassengerVehicles #EconomicGrowth #RuralEconomy #AutomobileIndustry #VehicleSales #BusinessNews
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President and Director,JATO Dynamics India. Information Technology services and Consulting.Automotive
JATO Dynamics India research on sales trends and discounts was cited by Business Standard. The data reveals significant shifts in India's automotive market discounting strategies: • Average discounts across major automakers increased 12% in 2024 compared to 2023 • Discount ranges widened to ₹20,000-₹3.15 lakh across various models • Some manufacturers, like Toyota and Honda, have more than doubled their discount offerings These trends point to broader industry challenges: 1. Declining sales amidst rising inventories 2. Intensifying competition during the festival season 3. Potential pressure on profit margins as discounts deepen The sustainability of these aggressive discounting strategies remains a key question for the industry. While they may boost short-term sales, the long-term impact on brand value and profitability needs careful consideration. As the market evolves, it will be crucial to monitor how these discounting trends affect consumer behavior, brand positioning, and overall industry health. Link here :- https://lnkd.in/dFum4DiC
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🚗 India's Auto Industry Sees Inventory Pile-Up Despite Strong Sales Surge 🚙 The automotive sector in India is currently navigating a complex challenge—inventory levels have surged to a record high of ₹73,000 crores 📈. Key reasons for this include: 1️⃣ Post-election uncertainty 🗳️ 2️⃣ The end of the marriage season 💍 3️⃣ Rising interest rates and intense competition 💰 Dealers are facing unprecedented levels of stock, with inventory durations extending to 67-72 days. While attractive discounts and new launches continue to attract buyers, the concern over excessive inventory remains critical. Could this be the calm before the festive season storm? 🌩️ 📢 Automakers and dealers are working hard to balance this by offering heavy promotions, but the need for sustainable demand and better inventory management is stronger than ever. 💡 Is this a temporary dip, or a trend we need to watch closely? Share your thoughts! #AutomotiveIndustry #AutoSales #IndianMarket #InventoryManagement #BusinessChallenges #Automobile #Innovation #EconomicTrends #SupplyChain
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India's Two-Wheeler Market: H1 2024 Registration Analysis JATO Dynamics India has released data on India's two-wheeler registrations for the first half of 2024. Key observations: 1. April Performance: Highest registrations recorded at 1,649,000 units. 2. January-May Trend: Consistent registrations above 1.4 million units monthly. 3. June Decline: Notable decrease to 1,378,000 units, potentially indicating seasonal shifts. 4. Q1 Progression: Gradual increase from January (1,465K) through March (1,596K). 5. Q2 Fluctuation: Following April's peak, May saw 1,599K registrations before June's decline. These figures provide insight into the current state of India's two-wheeler market. Various factors including economic conditions, fuel prices, and seasonal demand may have contributed to these trends. We welcome industry perspectives on these data points and invite comparisons with other automotive segments. #IndiaAutomotive #TwoWheelerMarket #MarketAnalysis
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India's Two-Wheeler Market: H1 2024 Registration Analysis JATO Dynamics India has released data on India's two-wheeler registrations for the first half of 2024. Key observations: 1. April Performance: Highest registrations recorded at 1,649,000 units. 2. January-May Trend: Consistent registrations above 1.4 million units monthly. 3. June Decline: Notable decrease to 1,378,000 units, potentially indicating seasonal shifts. 4. Q1 Progression: Gradual increase from January (1,465K) through March (1,596K). 5. Q2 Fluctuation: Following April's peak, May saw 1,599K registrations before June's decline. These figures provide insight into the current state of India's two-wheeler market. Various factors including economic conditions, fuel prices, and seasonal demand may have lcontribute to these trends. We welcome industry perspectives on these data points and invite comparisons with other automotive segments. #IndiaAutomotive #TwoWheelerMarket #MarketAnalysis
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Revving Up Prosperity: December 2023 Drives Auto Retail Growth With Impressive 21% YoY Surge, Says Federation of Automobile Dealers Associations The Federation of Automobile Dealers Associations (FADA) has released the Vehicle Retail Data for December’23 and CY’23, showcasing a positive trend in the Indian auto retail sector. December’23 Highlights: CY’23 Performance: Key Drivers: Category-wise Performance: Challenges and Outlook: Short-Term Outlook for January 2024: Long-Term Outlook for CY’24: Consumer Sentiment and Market Enthusiasm: Survey Findings: Conclusion:Despite the anticipated slowdown during the Kharmas period, the Indian auto retail industry maintains cautious optimism, leveraging new model launches and effective supply chain management. The rebound in consumer confidence sets a positive tone for CY’24, with strategic planning emphasized for sustained success. - https://lnkd.in/dAfeiZvd #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #electricvehicles #ev #fada #federationofautomobiledealersassociations #india #vehiclesales
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National Sales Manager, JATO Dynamics India. Automotive Consulting and Information Technology services
India's Two-Wheeler Market: H1 2024 Registration Analysis JATO Dynamics India's latest data release on India's two-wheeler registrations for H1 2024 reveals intriguing insights: - April Performance: Record highest monthly registration of 1,649,000 units. - January-May Trend: Consistent monthly registrations exceeding 1.4 million units. - June Decline: A noticeable drop to 1,378,000 units, potentially indicating seasonal shifts. - Q1 Progression: A steady rise from 1,465K in January to 1,596K in March. - Q2 Fluctuation: May maintained the momentum with 1,599K registrations post April's peak, followed by June's decline. These figures shed light on the current state of India's two-wheeler market. Factors like economic conditions, fuel prices, and seasonal demand likely influence these patterns. We encourage industry perspectives on these statistics and welcome comparative analyses with other automotive segments. #IndiaAutomotive #TwoWheelerIndustry #MarketAnalysis #automotive
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Passenger Vehicles (PV) in India: Inventories swelled to upsetting heights!! Stockpiling of Passenger Vehicles has surged to alarming levels, creating concerns within the automotive industry. As reported by FADA (Automobile Dealer Association), stock days are stretching to ~ 75 days, and inventory totaling ~ 8 lakh Units. This situation can be attributed to several factors: 1. Supply Chain Disruptions: Global supply chain issues, including shortages of critical components like semiconductors, have impacted production schedules. As these constraints ease, manufacturers are ramping up production, resulting in a backlog of inventory. 2. Demand-Supply Imbalance: Although the market has seen a recovery in consumer demand after the pandemic, the sudden increase in supply may not match this demand, leading to rising inventory levels. 3. Festive Season Stocking: Automakers typically increase inventory in anticipation of higher sales during the festive season (October to December). However, if the sales fall short of expectations, this can result in excess inventory. 4. Economic Concerns: With rising interest rates and inflationary pressures, potential buyers may delay or rethink vehicle purchases, leading to slower inventory clearance. High inventory levels can put pressure on automakers, as they may need to offer discounts or other incentives to clear stock, potentially impacting profitability. This situation also underscores the need for better demand forecasting and inventory management within the industry to avoid future imbalances. #HighInventory #PVSales #SCMissues
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